Las Vegas home sales higher in August

The Greater Las Vegas Association of Realtors (GLVAR) reported on Thursday that Southern Nevada home sales increased in August despite the local housing supply continued to remain tight, making for a strong "sellers market" with multiple offers on the same property, a common scenario frequently frustrating buyers who don't have an experienced agent representing them.

GLVAR also reported the median price of existing single-family homes sold during August was $235,000, higher by almost 7% percent from one year ago !

GLVAR said the median price of local condominiums and townhomes sold in August was higher by 4.5 percent from $110,000 last year at this time.

According to GLVAR, the total number of existing local homes, condominiums and townhomes sold in August was 3,789, up from 3,454 total sales in August of 2015. Compared to the same month one year ago, 8.7 percent more homes, and 14.7 percent more condos and townhomes sold in August.

The Tonnesen Team at Berkshire Hathaway Home Services is always ready, willing and able to assist you in buying or selling all types of real estate in Las Vegas, Henderson, Summerlin, and all areas of the Las Vegas valley....please email or call us anytime so our team of over 30 Realtors can help make sure your home-buying or home-selling experience is fast, painless, and successful !